Ascentium Capital Reports 22.3% Y/Y Growth in Funded Volume

Ascentium Capital reported $1.50 billion in funded volume, representing a 22.3% increase over last year. Highlights for the company during 2019 included:

  • Managed $2.43 billion in assets representing 20% growth
  • Closed a $398 million securitization featuring AAA and Aaa ratings
  • Maintained rank as the largest private-independent equipment finance company
  • Achieved $6.2 billion in originations since 2011

“We had a strong end to another record year. This is the outcome of our intense client focus which produces organic growth as well as repeat business growth across our business. These achievements combined with our leading position in equipment financing sets us up for continued operational success,” commented chief executive officer of Ascentium Capital, Tom Depping.

Since 2011, to drive growth, Ascentium Capital has been committed to the allocation of resources to support key industries membership in associations. This includes sponsoring efforts for the CLFP (Certified Leasing and Financing Processionals) Foundation. Ascentium currently has 47 employees with the CLFP certification. Additionally, the company facilitates an intensive three-day sales training course for newly hired personnel. This focus on continuous professional advancement assists in recruiting talent and financial sales representatives across the U.S. Ascentium will continue to expand its national footprint throughout 2020.

“The company’s ability to achieve consistent performance demonstrates the strength of our finance platform and the deepening of business relationships that clients demand. Looking ahead, we see the continued strength of our offering and a large market opportunity enabling Team Ascentium to reach new milestones in 2020,” remarked Richard Baccaro, chief sales and marketing officer.

Ascentium Capital is backed investment firm Warburg Pincus.

Like this story? Begin each business day with news you need to know! Register now for FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
Susie Angelucci
Advertising: 484.459.3016

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.